Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39504 SNOWFLAKE INC. (Exact name of registrant as specified in its charter) Delaware 46-0636374 (State or oth ...

The company's big bet on AI is risky.Last year, one of the biggest concerns Snowflake (SNOW -4.89%) investors had was how quickly its revenue growth rate was decelerating. But to the data cloud specialist's credit, the company seemed to get this problem under control in late fiscal 2024. Indeed, Snowflake's top-line growth rate actually accelerated in the first quarter of fiscal 2025 compared to the fourth quarter of fiscal 2024.But this still misses the full picture. The revenue growth rate Snowflake has s ...

Which of these high-growth tech stocks is the better buy right now?Nvidia (NVDA 0.81%) and Snowflake (SNOW -1.69%) represent two different ways to invest in the growing artificial intelligence (AI) market. Nvidia is the world's largest producer of discrete GPUs, which are used to render high-end graphics and process AI tasks. Snowflake's cloud-based data warehouses store and clean up large amounts of data so it can be easily accessed by third-party applications. That process makes it easier for AI applicati ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Snowflake Inc. (SNOW) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Snowflake currently has an average b ...

Artificial intelligence (AI) is creating substantial value for investors, but not every AI stock is worth buying right now.Warren Buffett is one of the greatest investors of all time. He drove the Berkshire Hathaway investment company to a 4,300,000% increase in value since taking the helm in 1965, crushing the 31,200% gain in the S&P 500 over the same period.Berkshire manages a portfolio of publicly traded stocks and securities worth $370.9 billion, many of which feature steady growth, robust profitability ...

Will the cloud software company ever impress the bulls again?Snowflake (SNOW -3.47%) posted its latest earnings report on May 22. For the first quarter of fiscal 2025, which ended on April 30, the cloud-based data warehousing company's revenue rose 33% year over year to $829 million and surpassed analysts' estimates by $43 million. However, its adjusted net income dipped 5% to $51 million, or $0.14 per share, and missed the consensus forecast by $0.03.Snowflake's stock slumped after that mixed report, and i ...

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Core Insights - The AI revolution, initiated by OpenAI's ChatGPT, is significantly impacting the stock market, with companies like Microsoft and Nvidia leading in market capitalization due to their involvement in generative AI [1] - The economic implications of AI are complex, potentially leading to both wealth creation and redistribution, raising questions about its broader societal effects [1] Group 1: AI Revenue Sources - A substantial portion of AI profits is derived from the sale of AI-enabling hardware, particularly high-end GPUs from companies like Nvidia, which are essential for training and deploying AI models [3] - AI-driven software and platforms, such as Microsoft's Azure cloud services, represent another major revenue source, with subscription models providing steady income and benefiting hardware manufacturers [4] - Consumer products increasingly incorporate AI, driving revenue through subscriptions, ads, and sales of smart devices, highlighting the importance of consumer spending in the AI ecosystem [5] - Businesses across various sectors are adopting AI to enhance operations and decision-making, creating significant value and leading to increased investments in AI technologies [6] Group 2: Future AI Revenue Streams - The development of autonomous systems, including vehicles and drones, is expected to create new markets and revenue streams, with companies like Tesla and Waymo at the forefront [9] - AI technologies are anticipated to spur the creation of new industries and services, such as AI-driven drug discovery and precision farming, contributing to long-term revenue growth [10] - Data monetization is crucial for AI efficiency, with companies that effectively harness data gaining a competitive edge, potentially through data-as-a-service models [11] Group 3: Wealth Creation and Redistribution - The generative AI boom is set to create significant wealth through various channels, but the distribution of this wealth may not be equitable, with potential societal impacts like job displacement [12] - A balanced approach to AI growth is essential to ensure sustainable economic development and widespread benefits, including investments in education and privacy protections [13]

Key PointsSnowflake had a solid quarter and raised guidance for product sales, supported by demand for AI.A hint of increased collaboration with NVIDIA helped to support the market. Analysts are raising their targets and leading this stock to the high end of its trading range. 5 stocks we like better than SnowflakeSnowflake NYSE: SNOW shares have been floundering for the last two years, but those days are ending. The Q1 F25 results were solid, pointing to persistent growth, and the hint of increased collabo ...

Key TakeawaysCloud storage provider Snowflake missed first-quarter profit expectations and scaled back its full-year operating income guidance when it reported earnings after the bell Wednesday.Snowflake's revenue came in better than analysts expected, however, benefiting from continued strong artificial intelligence (AI) product demand.Snowflake shares rose in early trading Thursday, before reversing course to finish lower. Snowflake (SNOW) shares declined Thursday after the cloud data storage provider mis ...